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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8986)	2/12/1998 3:57:00 PM
From: Herb Duncan	Read Replies (1) of 15196

CORP / Rapidfire Resources Increases Production and Extends Warrant Term ASE SYMBOL: RPF FEBRUARY 12, 1998 CALGARY, ALBERTA--Rapidfire Resources Ltd. (RPF-ASE) announces that it has conditional approval from the Alberta Stock Exchange to extend the term of its warrants for twelve months, from February 27, 1998 to February 26, 1999. As a requirement for this extension, the warrants will not be publicly traded after February 27, 1998. Rapidfire has commenced gas sales from its Kirkpatrick Lake property. Six wells are producing; however, it is too early to determine the rate at which these wells will stabilize. The Company has entered into a five-year gas purchase contract at an initial rate of 2.0 mmcf per day. Additional wells in the project will be brought on-stream in the near future. The Company also announces that it has regretfully accepted the resignation of Clive Llewellyn from its Board of Directors. Due to the time constraints of other commitments, Clive did not feel he could devote as much time as necessary to Rapidfire.

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